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...course, not all economists are buying the Caballero's blame them, not us, explanation of the financial crisis. They say just because there was money flowing into the United States doesn't mean the credit crunch was inevitable. They say stricter regulations could have stopped U.S. investment bankers from creating mortgage bonds filled with risky home loans and then passing those bonds off as safe investments to foreign investors. "Most of the blame for the financial crisis lies in the choices that were made inside the U.S.," says Anil Kashyap, an economics professor at University of Chicago's Booth School...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...buried methane - which would then further warm the atmosphere, releasing more methane and continuing in a dangerous feedback cycle. But if we're going to prevent that from happening, we're going to have to find a way other than reducing methane emissions from wetlands. Global food requirements mean that we can't cut back seriously on rice paddy cultivation, and wetlands are far too important to the environment as groundwater filters and buffers against coastal floods. "I just don't see any way to control methane emissions from wetlands," says Palmer. Instead, we'll need to focus on methane...

Author: /time Magazine | Title: How Wetlands Worsen Climate Change | 1/14/2010 | See Source »

...result of Americans' finally getting the message about diet and fitness but the fact that we've simply reached some kind of obesity saturation point, with nearly all people who are genetically susceptible to gaining too much weight already having done so. If that's true, it could mean that a plateau is the best we can hope for and that the next step - the trip down the other side of the weight mountain - will never happen. "That's an up-in-the-air question now," concedes Ogden. Dietz is a bit more optimistic, saying the saturation theory does...

Author: /time Magazine | Title: Obesity News: Americans Not Getting Fatter | 1/13/2010 | See Source »

...Peter Robinson, who for almost 30 years has carefully steered the DUP away from the firebrand populism of its founder, the Rev. Ian Paisley, to its current position at the top of Northern Irish politics. If he fails to clear his name over the next six weeks, it could mean the end not only for a politician and a prominent political family, but also for the entire Northern Ireland political system...

Author: /time Magazine | Title: Will Northern Ireland's Sex Scandal Break the Peace? | 1/13/2010 | See Source »

...Google says it will discuss with the government how it will go about running an uncensored search engine in China. "We recognize that this may well mean having to shut down Google.cn, and potentially our offices in China," wrote Drummond, the Google executive, on the Google blog. Given the company's tempestuous four years in China, the odds the authorities will now compromise are slim...

Author: /time Magazine | Title: Google Ends Policy of Self-Censorship in China | 1/13/2010 | See Source »

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